Maximus (NYSE:MMS) Sets New 12-Month Low – Here’s Why

Shares of Maximus, Inc. (NYSE:MMS) reached a new 52-week low on Monday . The company traded as low as $60.75 and last traded at $60.9890, with a volume of 185632 shares traded. The stock had previously closed at $64.27.

Analysts Set New Price Targets

MMS has been the topic of several analyst reports. Zacks Research downgraded shares of Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings lowered shares of Maximus from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Maximus Stock Performance

The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $68.82 and its 200-day moving average price is $80.01. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 9.21 and a beta of 0.60.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, May 7th. The health services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.98 by $0.09. Maximus had a net margin of 7.02% and a return on equity of 25.10%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $2.01 EPS. Maximus’s revenue for the quarter was down 4.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. Analysts expect that Maximus, Inc. will post 8.33 earnings per share for the current year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 15th. Maximus’s payout ratio is presently 19.76%.

Insider Transactions at Maximus

In other news, CEO Bruce Caswell bought 3,175 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of $78.45 per share, with a total value of $249,078.75. Following the transaction, the chief executive officer directly owned 328,013 shares in the company, valued at $25,732,619.85. This trade represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan Madsen sold 742 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $72.25, for a total value of $53,609.50. Following the transaction, the director owned 20,795 shares in the company, valued at $1,502,438.75. This represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Maximus

A number of institutional investors have recently modified their holdings of MMS. Van Berkom & Associates Inc. raised its position in Maximus by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,172,190 shares of the health services provider’s stock valued at $75,137,000 after purchasing an additional 41,862 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Maximus by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,278 shares of the health services provider’s stock worth $135,084,000 after purchasing an additional 141,362 shares during the period. Illinois Municipal Retirement Fund grew its position in Maximus by 77.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 42,604 shares of the health services provider’s stock worth $2,731,000 after purchasing an additional 18,631 shares during the last quarter. Principal Financial Group Inc. grew its position in Maximus by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 226,399 shares of the health services provider’s stock worth $14,512,000 after purchasing an additional 53,231 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Maximus by 11,500.2% in the first quarter. Fifth Third Bancorp now owns 67,281 shares of the health services provider’s stock valued at $4,313,000 after purchasing an additional 66,701 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Company Profile

Maximus, Inc (NYSE: MMS) is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children’s Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.